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Gulf Bank Awards KD 5000 Prize to Winning Injaz Kuwait Student Company Gulf Bank a key sponsor of Injaz Kuwait's 'Battle of the Best' 2008 competitio.

Gulf Bank has awarded a KD 5000 prize to the W3 Company, winner of the Injaz Kuwait "Battle of the Best" 2008 competition for student companies with support directed from the Bank's Red Program.

The W3 Company, emerging from the American School of Kuwait, focused on collecting various types of electronics, which are either fixed or sold directly, depending on their condition. The aim of the company resides with the idea that although there are numerous workshops that specialize in fixing electronics, there is not sufficient awareness regarding the recycled and repaired products, which ultimately could be attained at much cheaper prices.

The "Battle of the Best" competition is an annual event organized by Injaz in Kuwait that attracted students from 27 Kuwaiti schools this year. The students set up their own companies and have been marketing their products under the guidance of expert and professional volunteers provided by Injaz Kuwait, a non-profit organization dedicated to the advancement of young business talent.

Gulf Bank's Red program has been one of the leading supporters and contributors to Injaz's 'Battle of the Best' competition, helping students foster their talent and allowing them to create their own companies and present their success to a panel of independent judges. The Bank is committed to helping support the development of professional business skills by young talented Kuwaitis and give them the platform to become the successful entrepreneurs of the future. Red is the leading program for university and college students in Kuwait, offering a host of exciting prizes and exclusive discounts, and this competition was wholly appropriate to direct the Bank's ongoing support to Injaz Kuwait and help them create business leaders of tomorrow.

Gulf Bank is Injaz Kuwait's sponsor for the third consecutive year, proving its commitment to developing business oriented skills for Kuwait's future generation. Gulf Bank has supported Injaz Kuwait in other competitions such as the Regional Competition 2008 in Muscat, Oman and the International Enterprising Forum (FIE) 2008 in Cordoba, Argentina. About Gulf BankGulf Bank is Kuwait's second largest and fastest growing commercial bank. Established in 1960, Gulf Bank has since progressed to becoming an industry-leading financial services provider complemented by a large network of 43 branches strategically positioned in key locations in Kuwait for the banking convenience of customers. Gulf Bank has been awarded 'Best Bank in Kuwait' by Global Finance and 'Best Retail Bank in Kuwait' by The Asian Banker in 2007 and 'Best Retail Bank in the Middle East' for three years in a row by Banker Middle East. Gulf Bank routinely surpasses its competition by focusing on one simple strategy: delivering superior customer satisfaction. The Bank has consistently delivered strong financial results in a highly competitive market environment reflecting its focused and effective business strategies.Gulf Bank continues to grow and evolve its leadership position within the Kuwait banking community as a result of its innovative Transformation and Actualization Strategies that have been the driving force behind its management, operations and remarkable success since 1999. The main businesses of the Bank are Retail Banking, Corporate Banking, Treasury, International Banking and Investment Management.

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Date:Jun 26, 2008
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